For the New Ventures class, we had to create a new venture and produce a report of the feasibility of the business venture. Before taking the class I thought I would not have any good business ideas nor did I think I would ever want to pursue starting a business. However, after the first class, I realized this was my opportunity to explore my personal interests and to take a chance on pursuing something without recourse.
I came up with two great business ideas, but ultimately decided to chose the one about which I was personally more passionate. I come from Los Angeles where craft breweries are abundant and where I have access to new, experimental, and barrel aged beers anytime I want. When I arrived in Lyon, I could not find the same quality of offerings I was use to buying. So I told myself: If I cannot find the type of beer I enjoy, why not make it? Luckily I was able to convince three other colleagues to join my venture and thus our craft brewery Lion D’Or was born.
I took this project a step further and actually brewed a beer; we were the only group to have a product. This was a big accomplishment for me because I had never before brewed a beer, I was merely an aficionado of craft beer. Also, we only had six weeks to work on our business venture and in that time, we were able to brew a beer and host tasting events. Ultimately the project was a huge success. We discovered that there is a real market desire for craft beer in France and that if we open a full scale brewery and tap room, our conservative feasibility study displayed it would be very successful. Overall, I am proud of my team and the results we achieved. I plan to continue to brew and sell beer to see where it leads me.
Daniel Ortiz | International MBA 2017-2018 | USA